IMF
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IMF sticks to 2.5% growth forecast for Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) on Tuesday kept Pakistan’s economic growth forecast unchanged at 2.5% but slashed inflation rate to 23.6% for the current fiscal year, in a move that is largely in line with official projections. The global lender released its flagship report, the World Economic Outlook, at the start of annual…
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‘Pakistan set to secure second IMF tranche’ | The Express Tribune
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[ad_1] KARACHI: Pakistan is on track to secure the International Monetary Fund’s (IMF) first economic review under its $3 billion loan programme in November, paving the way for the release of the second tranche of $700 million, despite some missed targets and challenges in implementing promised reforms. A recent report from Topline Research titled ‘Pakistan…
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Caretakers to sit with IMF on quarterly review in October end
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[ad_1] Caretaker Finance Minister Shamshad Akhtar addresses a press conference on September 9, 2023. — APP ISLAMABAD: Caretaker Finance Minister Dr Shamshad Akhtar has informed senators that the interim government will sit with the International Monetary Fund (IMF) on the quarterly review end of next month to get the next tranche as part of the…
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Tax the rich to protect the poor, IMF chief tells Pakistan | The Express Tribune
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[ad_1] International Monetary Fund (IMF) Managing Director Kristalina Georgieva has advised Pakistan to tax the wealthy and protect the poor. Speaking to a Pakistani private media channel after her meeting with Interim Prime Minister Anwaarul Haq Kakar on the sidelines of the United Nations General Assembly (UNGA) on Thursday, Georgieva said “what we are asking…
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$4.5b external financing shortfall may rankle IMF | The Express Tribune
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[ad_1] ISLAMABAD: A nearly $4.5 billion hole has surfaced in Pakistan’s external financing plan and its budget may also overshoot by another Rs1 trillion due to the understatement of debt expenditures, which may become a serious issue during the first review of the International Monetary Fund programme. Both the problems of about a $4.5 billion…
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IMF to urge China to shift growth model | The Express Tribune
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[ad_1] WASHINGTON: The International Monetary Fund plans to tell China to boost weak domestic consumption, address its troubled real estate sector and rein in local government debt, problems that are dragging down both Chinese and global growth, IMF Managing Director Kristalina Georgieva told Reuters. Georgieva said in an exclusive interview the messages will be delivered…
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IMF sets conditions for power bill relief | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has urged the caretaker government to improve its power generation system in order to provide relief to Pakistani consumers, while demanding that the government withdraw the subsidy it is providing on gas being supplied to captive power plants (CPPs). The IMF made this demand during its talks with…
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New power bills proposal sent to IMF | The Express Tribune
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[ad_1] ISLAMABAD: After the rejection of the first one, the caretaker government has sent a fresh proposal to the International Monetary Fund (IMF) that the additional money allocated for the independent power producers (IPPs) could be adjusted to provide relief to the consumers, who were protesting against the exorbitant rise in their electricity bills. Finance…
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IMF seeks details as Pakistan mulls relief in electricity bills amid protests
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[ad_1] The International Monetary Fund headquarters in Washington, DC, on April 13, 2023. — AFP ISLAMABAD: After the government decided to seek approval from the International Monetary Fund (IMF) about its proposal to provide relief to its furious citizens over a hike in electricity bills, the Washington-based lender has asked Islamabad to submit a written…
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Govt faces IMF delay over bill crisis | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) on Tuesday did not immediately approve Pakistan’s request for recovering August’s electricity bills over a period of six months amid raging protests in many parts of the country that continued for the fifth day running against back-breaking bills. Adding more vigour to the protests, the traders’ community also…
